Just In
- 6 hrs ago OPPO Find X7 Ultra Camera Deep-Dive: Pushing the Boundaries of Photography on a Smartphone
- 7 hrs ago iQOO Z9 Turbo Launched in China: Snapdragon 8s Gen 3, 16GB RAM, and More
- 7 hrs ago iQOO Z9, Z9x Launched in China: 6000mAh Battery, iQOO 12 Inspired Design, 50MP Camera, & More
- 9 hrs ago HMD Branded First Set of Android Smartphones Are Here!
Don't Miss
- Education JEE Main Result 2024 Out, Telangana's 15 Toppers Shine, Check Statewise List of 56 Candidates with Perfect 100
- Sports Who Won Yesterday's IPL Match 40? DC vs GT, IPL 2024 on April 24: Delhi Capitals Clinch High-Scoring Thriller At Kotla
- News Mangalsutra Row: Did Indira Gandhi Donate Gold During The 1962 War? The Facts Behind Priyanka's Claim
- Movies Kota Factory 3 OTT Release Date, Platform: When Will Jitendra Kumar's Web Series Premiere On Netflix?
- Lifestyle Backless Dress: 7 Tips For Choosing Perfect Bra For Backless Outfits And Turn Heads Wherever You Go
- Travel Escape to Kalimpong, Gangtok, and Darjeeling with IRCTC's Tour Package; Check Itinerary
- Finance DCB Bank Q4 Results: PAT Grew 9% To Rs 156 Cr, NII Jumps 4.5%; Dividend Declared
- Automobiles Aston Martin Vantage Launched In India At Rs 3.99 Crore
App to help you find sub-tenants
Four months into a one-year lease and you have to urgently move out of a rented property. Chances are you would lose a huge chunk of money. Now, a new app is here to find you a suitable sub-tenant.
A tenant generally signs a lease or rental agreement with a landlord.
A sub-tenant, on the other hand, is someone who sub-leases or rents all or part of the rental property from a tenant and does not sign a lease or rental agreement with the landlord.
Recommended: Top 20 High-end Smartphones Available on EMI In India
The app called Flip, currently testing for iPhone only, connects tenants who want to get out of their leases with people who want to take them over, reported www.citylab.com.
Flip app hinges on the concept of "leasehold interest", treating the lease as an "asset" that a tenant can buy, sell, or transfer.
Flip farms this task out to third-party freelancers, who check your credit and assess your fitness as a rental applicant.
Tenants can assign whatever prices they want to their leases. If you find a lease that works for you, contact the tenant directly.
Recommended: Top 10 Best Smartphones with 4GB RAM and 3GB RAM To Buy In India
The whole understanding is between the tenant, the replacement and the landlord. Flip stays out of it.
In a sub-lease, the current tenant remains on the lease and collects rent from the sub-tenant to pay the landlord.
Developed by Susannah Vila, a Columbia MBA student, Flip can help tenants avoid some of the costs of moving out, while lease seekers get information about apartments before they are on the market.
Just one glitch though: usually, sub-lease or assignment is only permitted with the written consent of the landlord. Without it, you are breaking the law.
The app is free but there is a $50 review fee.
Source: IANS
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
79,900
-
1,39,900
-
1,29,900
-
65,900
-
1,56,900
-
1,30,990
-
76,990
-
16,499
-
30,700
-
12,999
-
11,999
-
16,026
-
14,248
-
14,466
-
26,634
-
18,800
-
62,425
-
1,15,909
-
93,635
-
75,804